I'd do whatever it took to get my credit rating up. 

This leads to another question and please excuse my lack of understanding:  The LPs are typically paid at a much better return than the banks are. 

How would you go about getting a 2nd home mortgage, for another quadplex in my situation? 

or my existing lenders are tapped out? 

However, I'm interested in investing in a STR in my home state, especially as my mother still lives here.

My wife and I are selling our BPCON tickets.

I'm looking to do a blanket refinance of my current rental portfolio of 6 units (8 doors total) to access equity. 

My name is Richard and I'm a new investor located in the Orlando, FL area.

I can justify any price (and some high fee syndicators are still doing so), if I just play with assumptions, prepay and buy down my interest rate, and hope that sub-5% cap rates will be returning in the next few years.But if you know your market and market cycle, have an idea where interest rates may be going (this is an educated guess for all of us), and then have your assumptions, you can certainly have the conversations you reference with brokers and see what their take is on pricing and if it is worth writing.Finally, I have said this before and will continue to say it, whether we are talking single family homes or 400 unit apartment complexes, off-market purchases do not make something a deal.  

I found this deal on the MLS and paid market value, I even increased my offer to get a concession from the seller to reduce my cash out of pocket and buy my interest rate down.